8 Bit Microcontroller Market Size, Share & Trend Report 2031
8 Bit Microcontroller Market Size, Share & Trend Report 2031
Segments - 8-bit Microcontroller Market by End-user Industries (Consumer Electronics & Home Appliances, Industrial, Data Processing & Communication, Aerospace & Defense, Automotive, Healthcare, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :ICT-SE-1332
| 4.7 Rating
| 56 Reviews
| 194 Pages
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Report Description
The global 8-bit microcontroller market size was valued at USD 7.5 Bn in 2022 and is projected to reach USD 12.89 Bn by 2031, expanding at a CAGR of 6.20% during the forecast period, 2023–2031. The growth of the market is attributed to the high usage in various devices that needed a substantial degree of control utilized and growing competition in different industries has decreased the cost of the product.
8-bit microcontrollers are digital signal processor and IP core chips that are the backbone of all the products and systems, which are used by consumers to travel, work, increase comfort, communicate, entertain, and produce energy. The 8-bit microcontrollers use the word size of 8 bits, which means its assembly instructions are 8-bit each, internal registers are 8-bit wide, and memory access read 8-bit.
The 8-bit microcontroller executes the assembly commands in one instruction cycle apart from fetches and branches. Smart grids use smart meters for a communication channel to communicate. Microcontrollers are used to ensure the communication between the physical locations. Microcontrollers also decrease the price of medical devices and also provide information of the patients.
8-Bit Microcontroller Market Trends, Drivers, Restraints, and Opportunities
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Rising adoption of internet of things enabled devices is anticipated to spur the market expansion during the forecast period.
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Increasing initiatives for smart homes globally is major factors pushing the market growth.
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High cost affecting the performance parameters is estimated to restrict the market expansion in the coming years.
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Large number of key players present in the market act as major challenge that can impede the market growth.
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Emergence of smart grid applications and rising mobile data traffic is projected to create significant opportunities for the market players.
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R&D investment and technological advancement in 8-bit microcontroller is expected to offer lucrative opportunities for the market players.
Scope of 8-Bit Microcontroller Market Report
The report on the global 8-bit microcontroller market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
8-bit Microcontroller Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
End-user Industries (Consumer Electronics & Home Appliances, Industrial, Data Processing & Communication, Aerospace & Defense, Automotive, Healthcare, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Renesas Electronics Corporation; STMicroelectronics N.V.; Silicon Laboratories Inc.; Infineon Technologies AG; Panasonic Corporation; Epson Corporation; Microchip Technology Inc.; NXP Semiconductors N.V.; Cypress Semiconductor Corporation; and Sony Corporation |
8-Bit Microcontroller Market Segment Insights
Based on end-user industries, the global 8-bit microcontroller market is divided into consumer electronics & home appliances, industrial, data processing & communication, aerospace & defense, automotive, healthcare, and others. The consumer electronics & home appliances segment is expected to constitute a key share of the market during the forecast period owing to miniaturization of consumer devices and rising demand for consumer electronic products such as microwave ovens, televisions, cameras, and others.
However, the healthcare segment is anticipated to expand at a rapid pace during the forecast period due to governments spending on healthcare sector and rising disposable income. Increased demand for accuracy needed in medical procedures, rising demand for microcontrollers, governments supportive plans for medical automation, and technological advancements is projected to boost the market.
On the other hand, the automotive segment is anticipated to expand at a rapid pace in the coming years owing to growing demand for 8-bit microcontrollers to enhance car safety features, entertainment systems, convenience functions, and government edicts on emission control. The strict rules and regulations related to improving road safety for pedestrians and drivers are anticipated to drive the market.
On the basis of regions, the global 8-bit microcontroller market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to prevailing high consumer base for Smartphone’s, tablets, and other electronics in the region. Increasing penetration of internet of things ecosystems in corporate places and houses is expected to fuel the market.
On the other hand, the market of Europe is expected to exhibit a rapid growth rate in the coming years due to presence of major manufacturers of equipment and automotive. However, the market of Asia Pacific is expected to exhibit a rapid growth rate during the forecast period owing to proliferation of various start-up business ventures in various developing economies, which provide important microcontroller services with innovations.
Segments
The global 8-bit microcontroller market has been segmented on the basis of
End-user Industries
- Consumer Electronics & Home Appliances
- Industrial
- Data Processing & Communication
- Aerospace & Defense
- Automotive
- Healthcare
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Renesas Electronics Corporation
- STMicroelectronics N.V.
- Silicon Laboratories Inc.
- Infineon Technologies AG
- Panasonic Corporation
- Epson Corporation
- Microchip Technology Inc.
- NXP Semiconductors N.V.
- Cypress Semiconductor Corporation
- Sony Corporation
Competitive Landscape
Key players competing in the global 8-bit microcontroller market include Renesas Electronics Corporation; STMicroelectronics N.V.; Silicon Laboratories Inc.; Infineon Technologies AG; Panasonic Corporation; Epson Corporation; Microchip Technology Inc.; NXP Semiconductors N.V.; Cypress Semiconductor Corporation; and Sony Corporation.
Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. 8-bit Microcontroller Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. 8-bit Microcontroller Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. 8-bit Microcontroller Market - Supply Chain
4.5. Global 8-bit Microcontroller Market Forecast
4.5.1. 8-bit Microcontroller Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. 8-bit Microcontroller Market Size (000’ Units) and Y-o-Y Growth
4.5.3. 8-bit Microcontroller Market Absolute $ Opportunity
5. Global 8-bit Microcontroller Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. 8-bit Microcontroller Market Size and Volume Forecast by End Users
5.3.1. Consumer Electronics & Home Appliances
5.3.2. Industrial
5.3.3. Data Processing & Communication
5.3.4. Aerospace & Defense
5.3.5. Automotive
5.3.6. Healthcare
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global 8-bit Microcontroller Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. 8-bit Microcontroller Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global 8-bit Microcontroller Demand Share Forecast, 2019-2026
7. North America 8-bit Microcontroller Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America 8-bit Microcontroller Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America 8-bit Microcontroller Market Size and Volume Forecast by End Users
7.4.1. Consumer Electronics & Home Appliances
7.4.2. Industrial
7.4.3. Data Processing & Communication
7.4.4. Aerospace & Defense
7.4.5. Automotive
7.4.6. Healthcare
7.4.7. Others
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America 8-bit Microcontroller Demand Share Forecast, 2019-2026
8. Latin America 8-bit Microcontroller Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America 8-bit Microcontroller Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America 8-bit Microcontroller Market Size and Volume Forecast by End Users
8.4.1. Consumer Electronics & Home Appliances
8.4.2. Industrial
8.4.3. Data Processing & Communication
8.4.4. Aerospace & Defense
8.4.5. Automotive
8.4.6. Healthcare
8.4.7. Others
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America 8-bit Microcontroller Demand Share Forecast, 2019-2026
9. Europe 8-bit Microcontroller Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe 8-bit Microcontroller Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe 8-bit Microcontroller Market Size and Volume Forecast by End Users
9.4.1. Consumer Electronics & Home Appliances
9.4.2. Industrial
9.4.3. Data Processing & Communication
9.4.4. Aerospace & Defense
9.4.5. Automotive
9.4.6. Healthcare
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe 8-bit Microcontroller Demand Share Forecast, 2019-2026
10. Asia Pacific 8-bit Microcontroller Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific 8-bit Microcontroller Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific 8-bit Microcontroller Market Size and Volume Forecast by End Users
10.4.1. Consumer Electronics & Home Appliances
10.4.2. Industrial
10.4.3. Data Processing & Communication
10.4.4. Aerospace & Defense
10.4.5. Automotive
10.4.6. Healthcare
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific 8-bit Microcontroller Demand Share Forecast, 2019-2026
11. Middle East & Africa 8-bit Microcontroller Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa 8-bit Microcontroller Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa 8-bit Microcontroller Market Size and Volume Forecast by End Users
11.4.1. Consumer Electronics & Home Appliances
11.4.2. Industrial
11.4.3. Data Processing & Communication
11.4.4. Aerospace & Defense
11.4.5. Automotive
11.4.6. Healthcare
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa 8-bit Microcontroller Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global 8-bit Microcontroller Market: Market Share Analysis
12.2. 8-bit Microcontroller Distributors and Customers
12.3. 8-bit Microcontroller Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Renesas Electronics Corporation
12.4.2. STMicroelectronics N.V.
12.4.3. Silicon Laboratories Inc.
12.4.4. Infineon Technologies AG
12.4.5. Panasonic Corporation
12.4.6. Epson Corporation
12.4.7. Microchip Technology Inc.
Methodology
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